Lifeworks Advisors LLC Acquires Shares of 15,019 DNP Select Income Fund Inc. (NYSE:DNP)

Lifeworks Advisors LLC acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,019 shares of the investment management company’s stock, valued at approximately $151,000.

Other hedge funds have also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in DNP Select Income Fund by 4.1% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock valued at $12,974,000 after acquiring an additional 50,425 shares during the period. Cetera Investment Advisers boosted its holdings in DNP Select Income Fund by 571.5% during the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after buying an additional 1,045,691 shares in the last quarter. Commonwealth Equity Services LLC grew its position in DNP Select Income Fund by 7.7% during the second quarter. Commonwealth Equity Services LLC now owns 1,036,658 shares of the investment management company’s stock valued at $8,521,000 after buying an additional 74,012 shares during the period. Apollon Wealth Management LLC increased its holdings in DNP Select Income Fund by 2.9% in the third quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock valued at $8,564,000 after buying an additional 23,781 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of DNP Select Income Fund by 43.4% in the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after acquiring an additional 187,939 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

NYSE:DNP opened at $9.24 on Friday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The stock’s 50-day moving average price is $9.64 and its 200-day moving average price is $9.06.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were issued a $0.065 dividend. This represents a yield of 8.15%. The ex-dividend date was Thursday, October 31st.

About DNP Select Income Fund

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.